Société Nationale des Pétroles du Congo
Encyclopedia
Société nationale des pétroles du Congo (the National Petroleum Company of the Congo, SNPC) is a national oil company
of the Republic of the Congo
. The company was established in 1998 after the dissolution of the public company Hydro-Congo. The company manages government-owned shares of production on oil field in the country. The company has stakes in Moho-Bilondo (15%), Nkossa (15%), M'Boundi (8.8%), Kitina (35%), Sendji (15%), Yanga (15%), Djambala (35%), Foukanda (35%), Mwafi (35%), Emeraude (49%), Yombo (49%), Tilapia (35%), Azurite (15%), and Turquoise Marine-1 (15%) fields. It owns refinery company Congolaise de Raffinage (CORAF).
National Oil Company
A national oil company is an oil company fully or in the majority owned by a national government. According to the United States Energy Information Administration, NOCs accounted for 52% global oil production and controlled 88% of proven oil reserves in 2007.Due to their increasing dominance over...
of the Republic of the Congo
Republic of the Congo
The Republic of the Congo , sometimes known locally as Congo-Brazzaville, is a state in Central Africa. It is bordered by Gabon, Cameroon, the Central African Republic, the Democratic Republic of the Congo , the Angolan exclave province of Cabinda, and the Gulf of Guinea.The region was dominated by...
. The company was established in 1998 after the dissolution of the public company Hydro-Congo. The company manages government-owned shares of production on oil field in the country. The company has stakes in Moho-Bilondo (15%), Nkossa (15%), M'Boundi (8.8%), Kitina (35%), Sendji (15%), Yanga (15%), Djambala (35%), Foukanda (35%), Mwafi (35%), Emeraude (49%), Yombo (49%), Tilapia (35%), Azurite (15%), and Turquoise Marine-1 (15%) fields. It owns refinery company Congolaise de Raffinage (CORAF).